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Oct 12, 2013
10/13
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he wants clean bills to open up the government, clean bill to raise the nation's debt ceiling. they're not even using the word "negotiate" at this point, anderson. they're saying they're talking and they're listening. that's an indication i think at this point this white house feels it has the upper hand they're not looking for white smoke coming out but white flag of surrender. >> jay carney using the word conversation instead of negotiation. thanks for the updates. these talks and moderate efforts to rehabilitate the gop brand are taking place at the same time as an especially influential gathering of hard liners at the values voter summit today in washington. listen. >> and i have to tell you, obama care is really i think the worst thing that has happened in this nation since slavery. and it is in a way -- it is slavery in a way. [ applause ] >> because it is making all of us subservient to the government. and it was never about health care. it was about control. >> the worse thing since slavery he said. that's conservative activist ben carson, dr. senator rand paul also spo
he wants clean bills to open up the government, clean bill to raise the nation's debt ceiling. they're not even using the word "negotiate" at this point, anderson. they're saying they're talking and they're listening. that's an indication i think at this point this white house feels it has the upper hand they're not looking for white smoke coming out but white flag of surrender. >> jay carney using the word conversation instead of negotiation. thanks for the updates. these talks...
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Jan 16, 2013
01/13
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FBC
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downgrade the debt ceiling talks drag on. citigroup had will join us here in just moments. retail stocks rolling up better than expected holiday sales season. the dow jones industrials up 27 points on the day. the s&p managed a point gain but still reaching anoer five-year high. the nasdaq is down six, that is only slightly from yesterday. the commerce department reported retail sales rose a half precent in december, november sales also revised higher. apple is "the biggest loser" in the s&p 500 today, down more than 3% again. it's on yesterday's losses also reports of weak demand and apple shares closing today just under $486. apple stock with $702 is back on the 19th of september. crude oil down 86, just over $93 per barrel. gold of working for $5. going above $1683. the 10 year treasury down 1.3% in feel. margins beginning on a positive note this year. the s&p all 3% higher year-to-date. the economy showing signs of surprising strength and stability. where there was once weakness. joining us now for the remainder of what is the eager that is beginning well is nathan shee
downgrade the debt ceiling talks drag on. citigroup had will join us here in just moments. retail stocks rolling up better than expected holiday sales season. the dow jones industrials up 27 points on the day. the s&p managed a point gain but still reaching anoer five-year high. the nasdaq is down six, that is only slightly from yesterday. the commerce department reported retail sales rose a half precent in december, november sales also revised higher. apple is "the biggest loser"...
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Oct 11, 2013
10/13
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regarding the debt ceiling yesterdayarney said at midday that he thought the president would agree to it. i hope that proves to be the case. host: if the presidential and senate democrats say we will agree to a six week extension if, at the same time, you go to reopen the government, would you vote for that? a so-called clean cr tied to a debts owing extension? wouldwould hope the cr contain a medical device tax repeal. that is bipartisan in nature and the proposal is sponsored by congressman ron kind, democrat from november and a close friend of mine who is republican from pennsylvania. this is attracting bipartisan support not only in the house also the united states senate. i know susan collins is working on as well. include aoes not medical device package, explain why that is important to you and second, it does not include that, is it worth keeping the government shut down? >> i don't want to keep the government shutdown in if there was some sort of provision weated to making sure that move forward on the suggestion that paul ryan has made, i would certainly look at that. a medic
regarding the debt ceiling yesterdayarney said at midday that he thought the president would agree to it. i hope that proves to be the case. host: if the presidential and senate democrats say we will agree to a six week extension if, at the same time, you go to reopen the government, would you vote for that? a so-called clean cr tied to a debts owing extension? wouldwould hope the cr contain a medical device tax repeal. that is bipartisan in nature and the proposal is sponsored by congressman...
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Oct 16, 2013
10/13
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ceiling and reaching that debt beyond which the united states had no longer had the authority to borrow money it is uncharted territory. >> that is a degree of urgency. >> i point to what secretary lew and others said about this and urge congress to act swiftly. >> is it the highest priority of the white house to re -- withdraw sequestration? the president believes that we ought to set budget policy in a way that makes wise choices about how we invest and sequester definitely does not fit the bill in that because it was mindless across the board cuts by design that took away from law makers and policy makers the ability to make how we fund the government and what investments for the economy to grow and programs provide the best bang for the taxpayer dollar when it comes to growth and job creation. >> in august, you talked about we need to invest and not so obsessed with deficit reduction. it is important. but deal with those investments. and pushup to january 15th when the next layer of sequestration cuts bite, that is a number one priority to redraw those numbers? >> i don't think it i
ceiling and reaching that debt beyond which the united states had no longer had the authority to borrow money it is uncharted territory. >> that is a degree of urgency. >> i point to what secretary lew and others said about this and urge congress to act swiftly. >> is it the highest priority of the white house to re -- withdraw sequestration? the president believes that we ought to set budget policy in a way that makes wise choices about how we invest and sequester definitely...
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Oct 2, 2013
10/13
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MSNBC
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sign off on a deal that doesn't also include a debt ceiling raise? because it seems to me that a week from now if you're passing something to get us out of the shutdown and turning around and finding yourselves staring down the barrel of another fight of the debt ceiling, that doesn't do anyone any good. >> let me say two things, chris. one, the habit that republicans, especially in the house have of, you know, governing by crisis and consecutive crisis and habitual crisis is bad for the economy and bad for the american people and we oppose it. secondly, you're right to raise the debt ceiling because the concern that we have is that as bad as shutting the government down is with the hundreds of thousands of hard working americans who couldn't go to work today and aren't getting paid and all the other negative impacts of shutdown, default is infinitely worse. it would be catastrophic, as the imf said today. the mere flirtation with default as we saw in 2011 by these same house republicans would have truly damaging effects on our economy and on the mid
sign off on a deal that doesn't also include a debt ceiling raise? because it seems to me that a week from now if you're passing something to get us out of the shutdown and turning around and finding yourselves staring down the barrel of another fight of the debt ceiling, that doesn't do anyone any good. >> let me say two things, chris. one, the habit that republicans, especially in the house have of, you know, governing by crisis and consecutive crisis and habitual crisis is bad for the...
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Oct 16, 2013
10/13
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ceiling. we'll see what happens in the house of representatives at the same time at some point, we'll have live coverage of the white house press secretary jay carney reacting to all of these developments. . as we await mitch mcconnell the republican leader in the senate and harry reid the majority, the democratic leader, let's bring in a republican congressman from from louisiana, john flemming is joining us right now. congressman, thanks very much for coming in. >> hi, wolf, thank you. >> so what is your understanding? you're you're pretty plugged in over there. what is your understanding that the senate is about to announce and then the house would obviously react, as well? the state of play, if you will, on these issues of ending the government shutdown and raising the nation's debt ceiling? >> wolf, my understanding is that the senate has cut a deal that would basically provide for a short-term cr and a short-term debt ceiling increase. and then it would go to conference on the budget. th
ceiling. we'll see what happens in the house of representatives at the same time at some point, we'll have live coverage of the white house press secretary jay carney reacting to all of these developments. . as we await mitch mcconnell the republican leader in the senate and harry reid the majority, the democratic leader, let's bring in a republican congressman from from louisiana, john flemming is joining us right now. congressman, thanks very much for coming in. >> hi, wolf, thank you....
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Oct 16, 2013
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february 7th is the next debt ceiling point in this. that's key. and in between there is going to be negotiations on trying to get a handle on this bigger chunk of federal spending. those are entitlements. medicare, medicaid, and social security. they have never fully addressed those and that's the one saving grace that a lot of republicans are saying maybe they can can finally get agreement on this. you mentioned sequestration a few minutes ago. sequestration with the money congress approves and cut that almost to the quick. if they're ever actually going to get a handle on all this spending it, has to come what they call the mandatory spending pie entitlements. that's toxic to touch. hey are you touching my medicare. >> but it is a three month kick the can down the road. chad pergram, thank you very much. >>> stocks surging right from the get-go as word of this senate deal got out. the dow finishing up triple digits to fox business network sandra smith and what is shaping up to be, dare i say it, hog heaven for traders, sandra? >> indeed hog heav
february 7th is the next debt ceiling point in this. that's key. and in between there is going to be negotiations on trying to get a handle on this bigger chunk of federal spending. those are entitlements. medicare, medicaid, and social security. they have never fully addressed those and that's the one saving grace that a lot of republicans are saying maybe they can can finally get agreement on this. you mentioned sequestration a few minutes ago. sequestration with the money congress approves...
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, wolf, he didn't make any direct reference to the debt ceiling deadline that is looming, but he did make sort of an implicit message, when he said talking about the progress that's been made since the recession said we shouldn't do anything to threaten that progress. wolf, this was the one optic, perhaps the only one of the day, that the president could control. >> so, jim, is there anything else going on as far as the meeting that the president is now having with house democrats, all 200 house democrats who were invited over? what is the white house saying about that? and also the fact that only some republicans will show up at the meeting, even though all house republicans were invited. >> reporter: right. the president invited all members of congress for these meetings this week, and you're right, house republicans did respond to that, by saying no are they're just going to send the leadership and their committee chairmen. dana was mentioning a few moments ago, that that meeting is under way, starting at about 4:40 this afternoon. we didn't see all of them go in. many slipped thr
, wolf, he didn't make any direct reference to the debt ceiling deadline that is looming, but he did make sort of an implicit message, when he said talking about the progress that's been made since the recession said we shouldn't do anything to threaten that progress. wolf, this was the one optic, perhaps the only one of the day, that the president could control. >> so, jim, is there anything else going on as far as the meeting that the president is now having with house democrats, all...
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Oct 7, 2013
10/13
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long extension of the debt ceiling, no strings attached. they're now saying may they would take two or three weeks, extend the debt ceiling, get the government back open and then sit down for broader budget negotiations. >> neil: you've been great through this. behind the obamacare glitches, forget high demand. a high-tech guy says, try low tech design. sales go down, i'm not happy. merch comes back, i'm not happy. use ups. they make returns easy. unhappy customer becomes happy customer. then, repeat customer. easy returns, i'm happy. repeat customers, i'm happy. sales go up, i'm happy. i ordered another pair. i'm happy. (both) i'm happy. i'm happy. happy. happy. happy. happy. happy happy. i love logistics. have hail damage to both their cars. ted ted is trying to get a hold of his insurance agent. maxwell is not. he's on geico.m 's on geico.comg up an appointment with an adjuster. ted is now on hold with his insurance company. maxwell is not and just confirmed a 5:30 time for tuesday. ted, is still waiting. yes! maxwell is out and about...
long extension of the debt ceiling, no strings attached. they're now saying may they would take two or three weeks, extend the debt ceiling, get the government back open and then sit down for broader budget negotiations. >> neil: you've been great through this. behind the obamacare glitches, forget high demand. a high-tech guy says, try low tech design. sales go down, i'm not happy. merch comes back, i'm not happy. use ups. they make returns easy. unhappy customer becomes happy customer....
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Oct 2, 2013
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that this shutdown continues, and if it runs up against the debt ceiling the fear for them is overreached and does the public look at washington and not decide that there is any difference between republicans, democrats and capitol hill and the white house. they have an incentive to get it wrapped up at some point, and they wouldn't mind to have this go on another day or two to boost their cause. >> listen to what was said moments ago on the house floor. >> he was prepared to sacrifice the towns around yosmite when he was on a jihad for american citizens to get health care. he was fully prepared to sacrifice the parks. >> the time for the gentleman has expired. >> the gentleman -- >> he must have said jihad about nine times, howie, about republicans. the rhetoric has gone to a level is that just pretty amazing. >> it really is a case of politicians, i think, feeling the heat from constituents who look at what is going on here and just can't understand why people can't get together and do their jobs. and the president could benefit from this because the republicans are bearing the burden a
that this shutdown continues, and if it runs up against the debt ceiling the fear for them is overreached and does the public look at washington and not decide that there is any difference between republicans, democrats and capitol hill and the white house. they have an incentive to get it wrapped up at some point, and they wouldn't mind to have this go on another day or two to boost their cause. >> listen to what was said moments ago on the house floor. >> he was prepared to...
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Oct 9, 2013
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faces what the administration calls the line in the sand for congress to raise the debt ceiling, at point at which the treasury secretary says he will have no more options. and the country could face default. in the midst of a polarizing partisan disagreement about almost everything, there is one situation that i'll agree must be addressed. involving
faces what the administration calls the line in the sand for congress to raise the debt ceiling, at point at which the treasury secretary says he will have no more options. and the country could face default. in the midst of a polarizing partisan disagreement about almost everything, there is one situation that i'll agree must be addressed. involving
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Oct 9, 2013
10/13
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when it comes to raising the debt ceiling, we are now days away from the point beyond which we will no longer have borrowing authority. that would put us in uncharted territory. we would have crossed a line we have never crossed before. tt consequences are unknowable in the specific but catastrophic in any case. so we hope that the reality of the consequences of a shutdown and the consequences potentially of threatening default or allowing us to cross that line will compel members of congress to do the simple thing, the least they could do, which is reopen the government and assure that we will pay our bills on times, as we always have. so the president i think yesterday from here expressed his view that in the end he believes congress will do the right thing. it's unfortunate that we have to go through these manufactured crises because there are costs -- well, there are costs obviously because the republicans shut the government down and there are costs even to waiting as long as we already have to raise the debt ceiling in a responsible way without drama or delay. >> paul ryan's op-e
when it comes to raising the debt ceiling, we are now days away from the point beyond which we will no longer have borrowing authority. that would put us in uncharted territory. we would have crossed a line we have never crossed before. tt consequences are unknowable in the specific but catastrophic in any case. so we hope that the reality of the consequences of a shutdown and the consequences potentially of threatening default or allowing us to cross that line will compel members of congress...
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Oct 16, 2013
10/13
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ALJAZAM
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it happened 11 years before the debt ceiling deadline. senate leaders unveiling a bipartisan plan to a void a default. wall street relieved that the situation is almost over. it's just off its high off 200-plus points. but the plan contains few specifics to address the the nation's nearly 17 trillion-dollar debt, once again kicking the can down the road. we have libby casey, but we'll go to jay carney talking about the deal that was just reached. >> again, applauds the leaders for the senate for coming together and working out a bipartisan solution. >> is there any concern even with this deal being made that a down grade from some of the rating agencies would be spending. >> i would refer you to the treasury for those kinds of assessments. we talk about the things that we can control which is calling on congress to quickly act on this compromise agreement and insure that the government reopens and the threat of default is removed. >> leading to additional budget talks this year once those talks are under way will the white house and presi
it happened 11 years before the debt ceiling deadline. senate leaders unveiling a bipartisan plan to a void a default. wall street relieved that the situation is almost over. it's just off its high off 200-plus points. but the plan contains few specifics to address the the nation's nearly 17 trillion-dollar debt, once again kicking the can down the road. we have libby casey, but we'll go to jay carney talking about the deal that was just reached. >> again, applauds the leaders for the...
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Oct 11, 2013
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to create a little bit of negotiating space on the the debt ceiling. to begin negotiations on the funding bill. so, you know, it took a long time to get to the point where the president says i'm not ready to say yes or no. talks are going to continue in the evenings. stay tuned. >> congressman, we have two reports. new york times says obama reejects gop offer of a short term debt limit plan because it doesn't deal with the government shutdown. and the president said the meeting went well. lasted an hour and a half. after discussion about a path forward, no specific determination was made. >> right. >> i believe the new york times or the office of the white house. you uh help me out. >> both jeb and i were in the room. the president didn't say yes, didn't say no. it wases a useful hour and however many minutes to the clarify where the parties stood. these are serious times. we have a huge deficit problem, a huge spending problem. it shouldn't have gotten though critical state before we got a negotiation with the president. it would have been nicer to av
to create a little bit of negotiating space on the the debt ceiling. to begin negotiations on the funding bill. so, you know, it took a long time to get to the point where the president says i'm not ready to say yes or no. talks are going to continue in the evenings. stay tuned. >> congressman, we have two reports. new york times says obama reejects gop offer of a short term debt limit plan because it doesn't deal with the government shutdown. and the president said the meeting went well....
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Oct 11, 2013
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nation's debt ceiling. he played a significant role we're told in the meeting that the house republican leadership had yesterday with president obama over at the white house. mark, we'll stay in close touch with you. thank you. >>> meanwhile, new polls show republicans taking the biggest hit right now over the fiscal stalemate here in washington. our chief political analyst is standing by to join us next. >>> the meeting at the white house is officially over. hour and a half or so the president met with all of the senate republicans. they are now on their way back to capitol hill. we expect to speak live with senator roy blunt of missouri. he was one of those republican senators inside, give his take on what was achieved. we're also standing by to hear from the white house press secretary jay carney scheduled for his daily press briefing. he will be answering the reporters' questions. are we any closer to a deal? we'll find out fairly soon. stay with us. >>> meanwhile, both sides are talking in this fiscal
nation's debt ceiling. he played a significant role we're told in the meeting that the house republican leadership had yesterday with president obama over at the white house. mark, we'll stay in close touch with you. thank you. >>> meanwhile, new polls show republicans taking the biggest hit right now over the fiscal stalemate here in washington. our chief political analyst is standing by to join us next. >>> the meeting at the white house is officially over. hour and a half...
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Oct 15, 2013
10/13
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ceiling, jay carney said during that briefing the i'm for unsent has passed. basically, what the white house is signaling at had point and something that harry reid said on the senate floor earlier today is that we may be in sort of this danger zone, this red zone now. we've gotten too close to the debt ceilinging to avoid any kind of ramifications in the short term, a credit downgrade, what have you. it was curious to note jay carney using that sort of language. he was kicking everything over to the treasury department in terms of prioritizationsization. jay would only say prioritizationsization, picking and choosing which bills to pay after the debt ceiling when they've run out of borrowing authority, priorization equals default. he wouldn't say which bills would get paid without the bottom really falling out. interesting to note he said the time for uncertainty has passed. that is not good language to come out of the white house right now. >> the harry reid had a very ominous statement. i'm going to play it for viewers when we come back about a possible dow
ceiling, jay carney said during that briefing the i'm for unsent has passed. basically, what the white house is signaling at had point and something that harry reid said on the senate floor earlier today is that we may be in sort of this danger zone, this red zone now. we've gotten too close to the debt ceilinging to avoid any kind of ramifications in the short term, a credit downgrade, what have you. it was curious to note jay carney using that sort of language. he was kicking everything over...
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Oct 9, 2013
10/13
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to me his zaps point, there are weighing to avoid that even when you push back the debt ceiling. rand paul here to deliver what he says are the undeniable facts. and it feels like your lifeate revolves around your symptoms, ask your gastroenterologist about humira adalimumab. humira has been proven to work for adults who have tried other medications but still experience the symptoms of moderate to severe crohn's disease. in clinical studies, the majority of patients on humira saw significant symptom relief, and many achieved remission. humira can lower your ability to fight infections, including tuberculosis. serious, sometimes fatal events, such as infections, lymphoma, or other types of cancer, have happened. blood, liver and nervous system problems, serious allergic reactions, and new or worsening heart failure have occurred. before starting humira, your doctor should test you for tb. ask your doctor if you live in or have been to a region where certain fungal infections are common. tell your doctor if you have had tb, hepatitis b, are prone to infections, or have symptoms suc
to me his zaps point, there are weighing to avoid that even when you push back the debt ceiling. rand paul here to deliver what he says are the undeniable facts. and it feels like your lifeate revolves around your symptoms, ask your gastroenterologist about humira adalimumab. humira has been proven to work for adults who have tried other medications but still experience the symptoms of moderate to severe crohn's disease. in clinical studies, the majority of patients on humira saw significant...
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Oct 16, 2013
10/13
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CNNW
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it would also extend the debt ceiling, that's the point at which the government runs out of bargaining power, that was about 12 hours away. instead we can go all the way to february 7th. it is possible, again, that this could come to a vote by noon today. but faxes within the gop has so far left the house with no plan of its own. james clyburn is an assistant leader in the house. he joins us live. >>> can you tell me what you've heard about this and if you know whether or not this may end up being a deal on the house floor within hours? >> thank you so much for having me. yes, i have heard that we will do something today. i'm -- i'm not going to say whether it will be two hours, three hours, or four hours. but i'm making plans for it to happen today. >> and just given the fact that this would be something that has been reached in a bipartisan way in the senate, that will effectively say that there would be enough votes in the house to pass this regardless of what a very conservative faction might think about it. democrats would vote on this if speaker boehner brought it to the floor? t
it would also extend the debt ceiling, that's the point at which the government runs out of bargaining power, that was about 12 hours away. instead we can go all the way to february 7th. it is possible, again, that this could come to a vote by noon today. but faxes within the gop has so far left the house with no plan of its own. james clyburn is an assistant leader in the house. he joins us live. >>> can you tell me what you've heard about this and if you know whether or not this may...
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Oct 10, 2013
10/13
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CNN
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. >> my point is that all you may be able to get right now is the clean debt ceiling increase for the time being, to get -- >> again, i think i said the answer is, you know the president has always said he would sign a clean debt limit increase. it's preferable it be longer. what i said yesterday holds true today, short term, medium term, long term, it will always be the case when it is congress' responsibility again to ensure that our bills be paid, that he will not pay a ransom, he will not allow the tea party to hole the american people hostage in exchange for doing its job. >> we may have a scenario where the debt ceiling is raised, default is averted, but we may still be in the position of having a government shutdown ongoing. >> what would the republican rational for that be? the continued punishment of the american people and the continued harm that would do to the american economy, why? >> but -- >> why? open the government at levels set by the republicans and then let talk about our budget priorities. let's talk about solving these issues for the longer term. >> take one bite
. >> my point is that all you may be able to get right now is the clean debt ceiling increase for the time being, to get -- >> again, i think i said the answer is, you know the president has always said he would sign a clean debt limit increase. it's preferable it be longer. what i said yesterday holds true today, short term, medium term, long term, it will always be the case when it is congress' responsibility again to ensure that our bills be paid, that he will not pay a ransom,...
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May 29, 2013
05/13
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but we still won't raise the debt ceiling. now you point out to them you'd be paying the chinese people before social security, and i'm sure they'll come up with another bill to fix that. >> in your piece you say today's republicans spent the. bm years predicting the imminent arrival of a giant smashing asteroid. -- it's hard not to admire the -- >> it's true. >> how can you admire the balls, seriously, when you see the impact this has on so many people in this nation. >> no. obviously it's not funny. within the beltway, people think of it as a tremendous -- after the initial election of barack obama, and this game the galvanizing issue for the entire republican party. the problem is that it's based upon all sorts of assumptions and nonfacts that end up, you know, they end up driving themselves into rhetorical dead ends that they have to crawl out of with ridiculous moves like this full faith and credit act. >> right. also in the article you say that speaker boehner is, i'm quoting you, fast becoming the pope of the blossoming
but we still won't raise the debt ceiling. now you point out to them you'd be paying the chinese people before social security, and i'm sure they'll come up with another bill to fix that. >> in your piece you say today's republicans spent the. bm years predicting the imminent arrival of a giant smashing asteroid. -- it's hard not to admire the -- >> it's true. >> how can you admire the balls, seriously, when you see the impact this has on so many people in this nation....
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Oct 11, 2013
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that is why in 50 years over multiple debt ceiling increases we have not had a default. we have negotiated for 50 years and never had a default. let's let this talk of default behind us and start talking about finding solutions to the problems. there are ways to get debt and spending under control. a lot of reforms we should consider. we have to talk to each other if we're are going to make that happen. i will bet some of my democratic friends have spending cut ideas as well. we would like to hear them. let's sit down. let's talk this out. -- thesecuss solutions discussions will continue as soon as we get back to the white house. leader onte minority the floor earlier today previewing his meeting with other gop senators at the white house. they have arrived. they are meeting with the president right now. we will try to bring you their comments when they come to the microphone and get an idea of where senate republicans stand on day 11 of the government shutdown after house republicans proposed a short-term debt fix. we are getting your thoughts on that this morning. you
that is why in 50 years over multiple debt ceiling increases we have not had a default. we have negotiated for 50 years and never had a default. let's let this talk of default behind us and start talking about finding solutions to the problems. there are ways to get debt and spending under control. a lot of reforms we should consider. we have to talk to each other if we're are going to make that happen. i will bet some of my democratic friends have spending cut ideas as well. we would like to...
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Oct 10, 2013
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wall street taking the news pretty well that a possible debt ceiling deal is on the horizon. stocks soaring. the dow jumping more than 200 points. so we begin our coverage today with kristen welker at the white house. kristen, as i pointed out, even if there's this extension here, we could be back in this same place around new year's, before the holidays here. why, then, would the president be happy or encouraged by this news? >> well, it is a step in the right direction because these two sides were completely deadlocked when they woke up this morning. and of course, defaulting on our nation's debts, according to this administration and of course economists as well, would be a far larger economic catastrophe than shutting down the government, which by all accounts has already had an impact on the economy. i think that's the way the white house is looking at it. but tamron, it's not clear how senate democrats are going to respond to this. white house press secretary jay carney, as you indicated, has said, look, the president will sign off on a short-term deal as long as there
wall street taking the news pretty well that a possible debt ceiling deal is on the horizon. stocks soaring. the dow jumping more than 200 points. so we begin our coverage today with kristen welker at the white house. kristen, as i pointed out, even if there's this extension here, we could be back in this same place around new year's, before the holidays here. why, then, would the president be happy or encouraged by this news? >> well, it is a step in the right direction because these two...
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Oct 10, 2013
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if the shut down persists, at this point it looks this is about raising the debt ceiling and talking about, you know, some kind of budget deal or continuing resolution, it's not about ending the shutdown quite yet. you'll have more people, federal workers start to file for unemployment benefits, more of a kind of a, i would say, pullback in economic growth. i'm not calling for a recession because of the shutdown but you will see economic growth slow as people are spending less money, hundreds of thousands of federal workers spending lo inin less me contractors who rely on the money, you'll see more lay-offs. the shutdown is hurt, let's not say this is unicorns and rainbows, this is not. this is kicking the can and that's worth a couple of hundred point on the dow. >> thanks so much. interesting europe, too, not just the u.s., europe stocks up a couple of percentage points on the major bourses there. i like the way you put it it's interesting, bar is so low, this is like hey. >> we'll see how the white house responds to all of this, a white house briefing. momentarily we'll bring it l
if the shut down persists, at this point it looks this is about raising the debt ceiling and talking about, you know, some kind of budget deal or continuing resolution, it's not about ending the shutdown quite yet. you'll have more people, federal workers start to file for unemployment benefits, more of a kind of a, i would say, pullback in economic growth. i'm not calling for a recession because of the shutdown but you will see economic growth slow as people are spending less money, hundreds...
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into the debt ceiling and that becomes one big fiscal fight? >> it's a sign that we are very concerned about the possibility that republicans in the house will employ the same unfortunate tactics when it comes to their fundamental responsibility to raise the debt ceiling and make sure the united states doesn't default, as they have employed in shutting down the government. and as the president said today, there are many negative consequences of shutting down the government and he talked about them. our businesses suffer, hundreds of thousands of workers live with uncertainty, as to whether or not or when the next paycheck will come and that is bad by comparison, economic shutdown, the result would be catastrophic. we've seen from republicans in the house where one faction of one party of one house in one branch of government is driving the train. there seems to be a willingness to engage in a strategy that threatens default and perhaps ultimately causes default. that's why it's important for people to understand the consequences and because we
into the debt ceiling and that becomes one big fiscal fight? >> it's a sign that we are very concerned about the possibility that republicans in the house will employ the same unfortunate tactics when it comes to their fundamental responsibility to raise the debt ceiling and make sure the united states doesn't default, as they have employed in shutting down the government. and as the president said today, there are many negative consequences of shutting down the government and he talked...
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i think the trajectory at this point is to at least get a deal in the next 72 hours on the debt ceiling, which ought to calm the markets on tuesday when they reopen. >> so, is obama care off the table at this point, matt? >> yeah. here's the thing, obama care was never going to be defunded or delayed. the really interesting thing is what could happen, as was just stated, is that you actually could have a deal that raises the debt ceiling while the government stays shut down. and it's interesting because there's a weird coalition that actually would support this. on one hand you have conservatives in the house and conservative outside groups like the club for growth, heritage action. very powerful groups. they want the debt limited out of the way because they know that that could be default, catastrophic. they want to keep the government shutdown and fight over defunning obama care. the interesting thing is, i think barack obama would also love this scenario, right? he gets off his back the notion he could be the first president to preside over a default. and he gets to continue bashing
i think the trajectory at this point is to at least get a deal in the next 72 hours on the debt ceiling, which ought to calm the markets on tuesday when they reopen. >> so, is obama care off the table at this point, matt? >> yeah. here's the thing, obama care was never going to be defunded or delayed. the really interesting thing is what could happen, as was just stated, is that you actually could have a deal that raises the debt ceiling while the government stays shut down. and...
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Oct 15, 2013
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>> raising the debt ceiling for default? >> well, those are two different things as we've been explicitly clear about. on october 17th as the treasury secretary has noted many times, the united states runs out of borrowing authority. beyond that point, we only have cash on hand available to pay our bills. the treasury secretary has testified to this on capitol hill and is obviously far more an expert than i. so i would point you to police testimony and public statements about that fact. but as everyone knows, in order to meet all of our obligations, as a country, the united states needs borrowing authority in order to make sure that all of our bills are made. all of the obligations that congress has made, all of the bills that congress has incurred will come due. if we can only pay those bills with cash on hand, that is a problem. that is what. >> everybody has their countdown clocks going on. they seem to be counting down do midnight tomorrow. is it midnight tomorrow when the calendar strikes the 17th. >> as much as i'd lik
>> raising the debt ceiling for default? >> well, those are two different things as we've been explicitly clear about. on october 17th as the treasury secretary has noted many times, the united states runs out of borrowing authority. beyond that point, we only have cash on hand available to pay our bills. the treasury secretary has testified to this on capitol hill and is obviously far more an expert than i. so i would point you to police testimony and public statements about that...
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you know, the problem with reaching the debt ceiling, the problem with reaching that date beyond which the united states no longer has the authority to borrow new money is that it is uncharted territory. i would point you to what secretary lew and others have said about this and urge congress to act swiftly. >> is it it the highest priority of the white house to redraw sequestration? >> the president has many priorities reflected in his budget. i think the the preds believes we ought to set budget policy in a way that makes wise choices about how we invest and sequester definitely does not fit the bill on that because it was sort of mindless across the board cuts by design that took away from lawmakers and policymakers the ability to make wise choices about how we fund our government and what investments we make so that the economy can grow and what programs provide the best bang for the taxpayer dollar when it comes to growth and job creation. so we certainly -- >> from august about you know, we need to invest and we're not going to be so obsessed with deficit reduction. it's importan
you know, the problem with reaching the debt ceiling, the problem with reaching that date beyond which the united states no longer has the authority to borrow new money is that it is uncharted territory. i would point you to what secretary lew and others have said about this and urge congress to act swiftly. >> is it it the highest priority of the white house to redraw sequestration? >> the president has many priorities reflected in his budget. i think the the preds believes we...
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Oct 13, 2013
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ceiling. the shutdown is disastrous. the debt ceiling is something obama knows he cannot allow. he knows that. the closer they get to the debt ceiling, the more leverage the republicans have. the question is, what do the republicans want and that is what we are waiting. there is the plan that paul ryan has. i hope that is the one the republicans would adopt. it is's -- it is popular. it is win-win. >> mark, what are you hearing on the hill? >> what i'm hearing on the hill is the reality is in the gallup poll, it is the lowest number ever recorded for any political party, republicans are now getting. at the lowest number ever recorded in the wall street journal-nbc news poll. 78% of people blame the republican congressional lawmakers. there is no place for them to go. it is not that democrats get high marks. it is just republicans have no place to go. we are talking about capitulation. is there a sense of grace and political cover you can get to the other side so it is not total humiliation? ?
ceiling. the shutdown is disastrous. the debt ceiling is something obama knows he cannot allow. he knows that. the closer they get to the debt ceiling, the more leverage the republicans have. the question is, what do the republicans want and that is what we are waiting. there is the plan that paul ryan has. i hope that is the one the republicans would adopt. it is's -- it is popular. it is win-win. >> mark, what are you hearing on the hill? >> what i'm hearing on the hill is the...
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of moves at this point, allowing boehner to raise the debt ceiling a few weeks later with little drama. and molly ball wrote, i asked a staffer who works for a house republican whether a government shutdown would be enough to change these members minds. he replied, no we like to suffer we like to beat ourselves and go back to the base and they give us another task to beat ourselves on and we forget how to beat ourselves the last time. perry, i'm ooshlly an optimist, it's hard to believe even a government shutdown will change the do dynamic on the hill? >> i agree with you. i do think down the line there are 85 republicans voted for the fiscal cliff agreement. 87 of them voted to reauthorize the violence against women act. take those two votes. there's a core group of republicans, i call them the governing caucus. if you put the cr to the floor, you would be 250 to 300 votes to pass this bill. there is majority support in the house. i do think at some point john boehner will consider putting the bill on the floor, letting it pass. the important thing you have to remember, i saw dick dur
of moves at this point, allowing boehner to raise the debt ceiling a few weeks later with little drama. and molly ball wrote, i asked a staffer who works for a house republican whether a government shutdown would be enough to change these members minds. he replied, no we like to suffer we like to beat ourselves and go back to the base and they give us another task to beat ourselves on and we forget how to beat ourselves the last time. perry, i'm ooshlly an optimist, it's hard to believe even a...
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. >> half way means boehner is giving the president a clean extension of the debt ceiling but is not opening the government without conditions. nonetheless the white house seems eager for at least a partial deal. jay carney offered encouraging words designed to sooth the market. indeed dow soared 300 points on speculation of a potential deal. >> the president is happy that cooler heads seem to be prevailing in the house. there at least seems to be recognition default is not an option. >> there are huge roadblocks starting with if boehner can get enough votes to raise the debt ceiling without enough strings. then some taking a hard line on health care changes as a condition for the reopening the government. >> we'll give him a clean debt ceiling for six weeks to negotiate on issues dealing with det. when it comes to issues dealing with obama care, we're going to continue to hold our ground. >> there's a split among democrats about whether to accept the debt ceiling hike without immediately opening the government. that would be for the president who's repeatedly suggested he would not
. >> half way means boehner is giving the president a clean extension of the debt ceiling but is not opening the government without conditions. nonetheless the white house seems eager for at least a partial deal. jay carney offered encouraging words designed to sooth the market. indeed dow soared 300 points on speculation of a potential deal. >> the president is happy that cooler heads seem to be prevailing in the house. there at least seems to be recognition default is not an...
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my question is that he didn't vote to raise the debt ceiling. why so angry at republicans? >> i'm not an angry person. i won't say i'm angry. >> you're not. >> i would make two points on this. the first is in 2006, the democrats were in the minority. there was no chance they can block the debt keeling if every republican in the senate said we want to be able to get up, and condemn the president and vote against the debt ceiling boy have no problem with that. because there won't actually be any threat of going over the cliff of the debt ceiling. >> but you agree with me is that our debt and obligation, we take in $220 billion a month. a lot of money. >> we take in $200 billion. about $300 billion goes out. about a third of what the government spends money on will not be able to pay the bills. they can try to pryor ties debt payments on the bonds so recognize the government going to get sued because nobody, the guy who built the highway there is no seniority for the bond holder. he's going to say why did you say the chinese and you didn't pay me? i built the highway. but the
my question is that he didn't vote to raise the debt ceiling. why so angry at republicans? >> i'm not an angry person. i won't say i'm angry. >> you're not. >> i would make two points on this. the first is in 2006, the democrats were in the minority. there was no chance they can block the debt keeling if every republican in the senate said we want to be able to get up, and condemn the president and vote against the debt ceiling boy have no problem with that. because there...
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a clean extension of the debt ceiling for six weeks. it's not just privilege from conservative independent retail federation, business folks were saying to republicans over the last 24 hours, this could have a massive impact on the economy. don't do this. that added to the pressure as well. the context from the white house standpoint is, jay carney was stressing at the top of the briefing, after days of calling republicans arsonists and terrorists, he used some of that language today but at the top said cooler heads are prevailing. that seemed like an effort to calm in the market and shut maybe the president is in the mood for a deal. his condition is -- you heard the sound bite from speaker boehner saying we're meeting the president halfway by dealing with the debt ceiling. the other half is reopening the government, and jay carny wend around. the big sticking opinion, can john boehner pass this with republicans and the other big one will the president go along if it's just lifting the debt ceiling. jay carnie finally said, yes, the pr
a clean extension of the debt ceiling for six weeks. it's not just privilege from conservative independent retail federation, business folks were saying to republicans over the last 24 hours, this could have a massive impact on the economy. don't do this. that added to the pressure as well. the context from the white house standpoint is, jay carney was stressing at the top of the briefing, after days of calling republicans arsonists and terrorists, he used some of that language today but at the...